China's rural policy bank to increase financial support for rural revitalization
This aerial photo taken on June 12, 2023 shows a view of Changlong Village in Cixi City, east China's Zhejiang Province. (Xinhua/Xu Yu)
BEIJING, Feb. 25 (Xinhua) -- The Agricultural Development Bank of China, the country's rural policy bank, has unveiled a guideline to step up credit support for China's Green Rural Revival Program, as part of efforts to promote rural revitalization.
The bank said it will target financial demands in key areas of the program, which highlights living condition improvements and the modernization of agriculture and rural areas, while also exploring effective means of providing financial support for the program.
Greater support will be given to improve rural living conditions, protect and conserve the ecological environment, increase the coverage of infrastructure and public services in rural areas, and build digital villages, the lender said.
It further pledged to broaden channels for farmers to help them increase their income, while keeping loan risks under control.
In 2023, the bank had issued loans totaling 488 billion yuan (about 68.67 billion U.S. dollars) to key areas of the Green Rural Revival Program, data showed.
Related articles
Messi in and Dybala out in Argentina squad for pre
BUENOS AIRES, Argentina (AP) — Lionel Messi is in and Paulo Dybala is out of Argentina’s squad for f2024-05-21Trump's hush money trial: What to know with jury selection to begin Monday
NEW YORK (AP) — Donald Trump will make history as the first former president to stand trial on crimi2024-05-21Wrexham eyes another promotion, this time to 3rd tier of English soccer
WREXHAM, Wales (AP) — Wrexham can secure another Hollywood ending on Saturday.The Welsh team co-owne2024-05-21Japanese Prime Minister Fumio Kishida addresses Congress amid skepticism about US role abroad
WASHINGTON (AP) — Japanese Prime Minister Fumio Kishida addressed U.S. lawmakers at the Capitol on T2024-05-21Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
Knowledge advantage can save lives, win wars and avert disaster. At the Central Intelligence Agency,2024-05-21Agreement could resolve litigation over services for disabled people in North Carolina
RALEIGH, N.C. (AP) — North Carolina’s health agency and a nonprofit defending people with intellectu2024-05-21
atest comment